About this home
Opportunity knocks at 8 Saunders Street in Salem! This well-maintained four-unit multifamily property offers an ideal investment opportunity in one of Salem's most desirable locations. The building consists of three spacious 2-bedroom units and one 3-bedroom unit, providing a strong and versatile rental mix. If you're looking to expand your investment portfolio this property offers tremendous potential. Conveniently located near downtown Salem's shops, restaurants, commuter rail, and waterfront attractions, tenants will appreciate the accessibility and vibrant neighborhood amenities. Multifamily opportunities of this size and configuration are hard to come by in today's market—don't miss your chance to own a valuable asset in historic Salem.
Listing last checked: Listing updated:
Listed by Herrick Lutts Realty Partners · Herrick Lutts Realty Partners · MLS #73552285
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Details at a glance
Interior3 property facts
- Rooms
- 17
- Basement
- Yes · Unfinished
- Fireplaces
- 2
Building5 property facts
- Style
- 4 Family
- Year built
- 1800
- Parking
- 4
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.07 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R2
Financial2 property facts
- Annual taxes
- $10,433
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,249,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,190 / monthAdjust
- Principal & interest
- $6,320
- Property tax
- $869
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,433. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,317,833
Estimated range $1,208,325–$1,427,342.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: above average
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About 8 Saunders St
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Request a tour of 8 Saunders St and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.